Real Time Financial News Website
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of the Petroleum Exporting Countries (OPEC) quota for the first time in months. Fresh…
President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999, according to a new report that seeks to clarify growing concerns over the nation’s…
Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in the coming months. This is according to a new Central Bank of Nigeria…
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary Fund (IMF) in its 2026 Article IV Mission report on…
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major push aimed at transforming agriculture through industrial clusters, improved value…
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for international payments. Deposit Money Banks are now raising spending limits…
Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250 billion, representing a 14% increase from last year’s $220 billion. The…
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high borrowing costs, and multiple taxation. The latest Business Expectations Survey…
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through a private placement, reinforcing its status as one of Africa’s…
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries surged to N654.94 billion in the first quarter of 2026,…
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the foreign exchange market continued to reflect tight central bank management…
Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary Fund (IMF), raising fresh concerns about the country’s growing debt burden as it…
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out what it described as “self-defense strikes” against Iran. The move…
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion from the financial system through its Open Market Operations (OMO)…
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the first quarter of 2026 alone. On the surface, the figure…
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1 2026, raising fresh concerns about the country’s industrial growth momentum…
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS) financing deal with First Abu Dhabi Bank, warning that such…
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the eighth consecutive year in the prestigious Brand Africa 100 rankings.…
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion, according to the National Bureau of Statistics. The figure marks…
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with experts suggesting that the policy shift may have unsettled foreign…
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55 trillion in the first quarter, marking a dramatic 340.88 per…
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300 billion through strategic investments in infrastructure, technology, trade, and financial…
Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme (WASOP) to intensify its fight against illegal, unreported, and unregulated (IUU) fishing…
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough new penalty regime that includes a N100 million fine for…
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial public offering (IPO) of the Dangote Petroleum Refinery could significantly reshape Nigeria’s capital market. According…
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN), following an investigation into alleged revenue…
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a wave of risk-off sentiment across Asia, Europe, and U.S. futures trading. Investors…
Nigeria’s equities market suffered one of its steepest weekly declines in recent years, with investors losing nearly N5 trillion in market value amid growing concerns over insecurity and its potential…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors subscribed N3.275 trillion, signaling continued monetary tightening and strong demand for…
The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value within just four trading sessions and unsettling investors who had enjoyed months…